Investment attraction potential in Do Luong

(Baonghean) - Do Luong possesses all the unique characteristics in terms of location, topography, natural conditions, society, and economy. At the same time, it is also a geologically rich region with many types of minerals such as limestone, clay, sand, and gravel... which can be exploited to develop many industries. In recent years, Do Luong has been actively promoting investment attraction.

Do Luong town.

Do Luong enjoys a very favorable transportation system, serving as the gateway to western Nghe An province. With national highways (7A, 15A, 46A) connecting important economic hubs such as the Nam Can border gate and the Ho Chi Minh Highway, and bordering districts like Thanh Chuong, Tan Ky, and Anh Son, it plays a crucial role in meeting the needs for traffic, exchange, and socio-economic development.

Over the years, Do Luong has attracted investors to build a system of restaurants, hotels, services, and small and medium-sized supermarkets associated with the development of the Vuon Xanh urban area, the Cau Tien urban area, the construction of the North National Highway 7 shopping area, the construction of the Cau Khuon supermarket in Hoa Son, and a system of restaurants and hotels along the Lam River along the Cau Dau dike using various resources.

Do Luong district also pays great attention to developing many traditional craft villages; the entire district has 3 craft villages recognized by the province: Xuan Nhu village (silk breeding and spinning), Da Lam village (basket weaving), and Vinh Duc village (rice crackers and peanut candy).

Do Luong also exploits its tourism potential and advantages with a system of historical and cultural relics, scenic spots, and ancient temples and pagodas such as Qua Son Temple, Giang Son hot springs, and the Truong Bon relic complex in My Son commune…

The concrete mixing plant of Truong An Co., Ltd. in Thinh Son, Do Luong serves infrastructure construction in the district and many neighboring districts.

Do Luong has implemented administrative reforms, supporting investors with procedures to ensure projects in the area are implemented quickly. In the Lac Son industrial cluster, Press Vinh Co., Ltd. of Kido Group (South Korea) has been operating since May 2012. This company has 100% South Korean investment with a registered capital of 11.6 million USD.

To date, the corporation has created jobs for over 3,800 workers. The company's products are quite diverse, including sportswear, ski equipment, and motorcycle racing gear, which are exported to markets in Europe, the US, and Canada.

The town's industrial cluster has also been fully developed, with 13 businesses investing in the construction of integrated infrastructure, creating jobs for over 600 workers. This industrial cluster encompasses a diverse range of industries such as mechanics, electronics, carpentry, and transportation.

Many businesses are thriving, such as Truong An Company, which has over 20 transport vehicles specializing in supplying construction materials to the entire western region of Nghe An, building concrete mixing plants, and producing steel and shaped sheet metal. The Thuong Son industrial cluster has attracted 7 households to invest in production, creating jobs for more than 50 workers.

Wooden furniture from Nguyen Nghia Company in the industrial zone of the town is sold throughout the year, including the northern region.

The good news is that after a period of stagnation, the Song Lam Cement Plant project has resumed operations. The plant has a capacity of 18,000 tons/day, of which phase 1 (from 2015 - 2017) consists of 2 production lines with a total capacity of 12,000 tons of clinker/day, providing employment for more than 1,500 workers.

Phase 2 (from 2017 - 2020) will bring the third production line into operation with a capacity of 6,000 tons of clinker per day. The project's products are high-quality cements for construction projects in coastal and island areas, as well as national projects aimed at combating climate change. The total estimated investment for the project is VND 10,500 billion. Currently, 18 out of 20 main items have been completed, and the investor and contractors are actively working to ensure the project stays on schedule.

Mr. Nguyen Tat Thanh, Chairman of the People's Committee of Do Luong District, said: "To help investors grasp the advantages of Do Luong, which are considered superior to other localities, Do Luong always creates the most favorable environment and conditions for investors' production and business activities. Administrative procedures are handled quickly and efficiently, promptly resolving obstacles; and we focus intensely on compensation and land clearance, creating 'clean' land for projects."

Over the years, Do Luong has cleared land for projects such as the Cau Dau dike, the N5 road, and the Song Lam cement plant…

Investing actively in industrial park infrastructure, providing electricity connections to factories, and implementing policies such as land lease fee exemptions, income tax exemptions, and reductions in certain fees for the first two years... to create favorable conditions for businesses to invest. Innovating investment promotion methods such as upgrading the local government's website, publishing complete and consistent information, and ensuring transparency for investors. During the 2016-2020 period, Do Luong district aims to become a relatively economically prosperous district in Nghe An province.

Van Truong